Candle patterns are formations created by Japanese candlesticks on a chart, indicating market sentiment and potential price movements. Here are some common ones:
Bullish Patterns- Hammer: Indicates potential reversal from bearish to bullish.
- Bullish Engulfing: Indicates reversal from bearish to bullish.
- Morning Star: Indicates reversal from bearish to bullish.
Bearish Patterns- Shooting Star: Indicates potential reversal from bullish to bearish.
- Bearish Engulfing: Indicates reversal from bullish to bearish.
- Evening Star: Indicates reversal from bullish to bearish.
Indecision Patterns- Doji: Indicates indecision in market.
- Spinning Top: Indicates indecision.
Bullish Patterns- Hammer: Indicates potential reversal from bearish to bullish.
- Bullish Engulfing: Indicates reversal from bearish to bullish.
- Morning Star: Indicates reversal from bearish to bullish.
Bearish Patterns- Shooting Star: Indicates potential reversal from bullish to bearish.
- Bearish Engulfing: Indicates reversal from bullish to bearish.
- Evening Star: Indicates reversal from bullish to bearish.
Indecision Patterns- Doji: Indicates indecision in market.
- Spinning Top: Indicates indecision.
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Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.